India's Zee drops after reports indicate Indian federal police files charges
07/09/2026 10:32
BUZZ-India's Zee drops after reports indicate Indian federal police files charges Sept 7 (Reuters) - ** Shares of Zee Entertainment Enterprises ZEE.NS fall 6.1% to 86 rupees, lowest level since end-May
** According to media reports, India's Central Bureau of Investigation has filed charges against the broadcaster's founder for allegedly inflating his net worth to avail loans from LIC Housing Finance LICH.NS
** Zee and Subhash Chandra did not immediately respond to Reuters requests for comments
** Stock rated "hold" on avg; median PT 100 rupees - data compiled by LSEG
** Stock down 4.4% YTD
(Reporting by Aleef Jahan in Bengaluru)
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